Hi Traders,
Today I had to consider quite dificult counts because of overlaping structure (7700-8280). Bigger chance is, its corrective wave. So rightnow we should be at the beginning of wave C.
Bes setup is to wait for confirmation and price drop below 1H 55 EMA (aprox 8K). to open short.
Or wait for Buy signal (RSI convergence) inside of 7700-7600 Area. BUT with stop-loss. Because if we fall below this level. Entire move 6500-8400 was huge ABC correction of downtrend and we will fall deeper. ;)
Be patient and wait for confirmations.
Good luck.
Today I had to consider quite dificult counts because of overlaping structure (7700-8280). Bigger chance is, its corrective wave. So rightnow we should be at the beginning of wave C.
Bes setup is to wait for confirmation and price drop below 1H 55 EMA (aprox 8K). to open short.
Or wait for Buy signal (RSI convergence) inside of 7700-7600 Area. BUT with stop-loss. Because if we fall below this level. Entire move 6500-8400 was huge ABC correction of downtrend and we will fall deeper. ;)
Be patient and wait for confirmations.
Good luck.
Order cancelled:
We reached higher high 8581 which invalidates my Setup. In this case we are most likely in thw wave (iii) of (5). Which could finish around 8,7-9K.
Where (3) was 1.272 of (1) so (5) will probably math (3). but final target will be more clearly identified after we finish wave (iii) and (iv) of (5) ...
Stay tuned and trade safe ;)
Where (3) was 1.272 of (1) so (5) will probably math (3). but final target will be more clearly identified after we finish wave (iii) and (iv) of (5) ...
Stay tuned and trade safe ;)